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Author: John McNerney
Publisher:
ISBN: 9781498229951
Category : Philosophy
Languages : en
Pages : 0
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Book Description
Thomas Piketty's Capital in the Twenty-First Century initiated a great debate not just about inequality but also regarding the failures found in the economic models used by theoreticians and practitioners alike. Wealth of Persons offers a totally different perspective that challenges the very terms of the debate. The Great Recession reveals a great existential rift at the core of certain economic reflections, thereby showing the real crisis of the crisis of economics. In the human sciences we have created a kind of "Tower of Babel" where we cannot understand each other any longer. The "breakdowns" occur equally on the personal, social, political, and economic levels. There is a need for an "about-face" in method to restore harmony among dissociated disciplines. Wealth of Persons offers a key to such a restoration, applying insights and analysis taken from different economic scholars, schools of thought, philosophical traditions, various disciplines, and charismatic entrepreneurs. Wealth of Persons aims at recapturing an adequate understanding of the acting human person in the economic drama, one that measures up to the reality. The investigation is a passport allowing entry into the land of economic knowledge, properly unfolding the anthropological meaning of the free economy. "John McNerney's Wealth of Persons is an amazing tour de force--his focus on the human person in economics not only opens up economics for the nonprofessional economist, it's a bracing exposition of the philosophy of the human person, all the more impressive when seen immersed in economic action. By focusing on the Austrian and the later Bologna schools' insistence on the role of the entrepreneur he critiques, on the one hand, an economy overfocused on profit and, on the other, Marx's (and later Piketty's) misreading of economics as a struggle between capital and labor. It should be required reading for all students (and teachers) of economics as well as of applied philosophical anthropology." --Brendan Purcell, Adjunct Professor at the School of Philosophy and Theology, University of Notre Dame Australia, Sydney "This book is a welcome addition to the field of Catholic social teachings and more generally to the debate over the use of economics and its limits . . . The author aims to explain the 'crisis' in economics and in the economy without blaming the usual suspects, especially human greed. This research program is sorely needed, especially coming from someone outside of the field of economics." --Frederic Sautet, Associate Professor of Economics at the Catholic University of America "McNerney . . . is not afraid to suggest that theological and metaphysical issues are needed to put the right limits on economics. And he shows how this might be done without undermining the integrity of the discipline itself--indeed, how such issues flow out of the discipline and its activities among real persons] acting together . . . What McNerney is really getting at is a placing of economics in its true place, with the realization that the acting person also has a transcendent destiny that is really why he is doing anything at all in the first place, as Augustine said." --Professor James V. Schall, Retired Professor of Political Philosophy in the Department of Government at Georgetown University John McNerney is head chaplain at University College Dublin. Author of John Paul II: Poet and Philosopher (2004), he is also an occasional lecturer to undergraduate and graduate students in the fields of business ethics and philosophy. He has given talks at various international conferences in North America, Europe, and Asia, and is a member of the national Economy of Communion commission in Ireland.
Author: John McNerney
Publisher:
ISBN: 9781498229951
Category : Philosophy
Languages : en
Pages : 0
Get Book Here
Book Description
Thomas Piketty's Capital in the Twenty-First Century initiated a great debate not just about inequality but also regarding the failures found in the economic models used by theoreticians and practitioners alike. Wealth of Persons offers a totally different perspective that challenges the very terms of the debate. The Great Recession reveals a great existential rift at the core of certain economic reflections, thereby showing the real crisis of the crisis of economics. In the human sciences we have created a kind of "Tower of Babel" where we cannot understand each other any longer. The "breakdowns" occur equally on the personal, social, political, and economic levels. There is a need for an "about-face" in method to restore harmony among dissociated disciplines. Wealth of Persons offers a key to such a restoration, applying insights and analysis taken from different economic scholars, schools of thought, philosophical traditions, various disciplines, and charismatic entrepreneurs. Wealth of Persons aims at recapturing an adequate understanding of the acting human person in the economic drama, one that measures up to the reality. The investigation is a passport allowing entry into the land of economic knowledge, properly unfolding the anthropological meaning of the free economy. "John McNerney's Wealth of Persons is an amazing tour de force--his focus on the human person in economics not only opens up economics for the nonprofessional economist, it's a bracing exposition of the philosophy of the human person, all the more impressive when seen immersed in economic action. By focusing on the Austrian and the later Bologna schools' insistence on the role of the entrepreneur he critiques, on the one hand, an economy overfocused on profit and, on the other, Marx's (and later Piketty's) misreading of economics as a struggle between capital and labor. It should be required reading for all students (and teachers) of economics as well as of applied philosophical anthropology." --Brendan Purcell, Adjunct Professor at the School of Philosophy and Theology, University of Notre Dame Australia, Sydney "This book is a welcome addition to the field of Catholic social teachings and more generally to the debate over the use of economics and its limits . . . The author aims to explain the 'crisis' in economics and in the economy without blaming the usual suspects, especially human greed. This research program is sorely needed, especially coming from someone outside of the field of economics." --Frederic Sautet, Associate Professor of Economics at the Catholic University of America "McNerney . . . is not afraid to suggest that theological and metaphysical issues are needed to put the right limits on economics. And he shows how this might be done without undermining the integrity of the discipline itself--indeed, how such issues flow out of the discipline and its activities among real persons] acting together . . . What McNerney is really getting at is a placing of economics in its true place, with the realization that the acting person also has a transcendent destiny that is really why he is doing anything at all in the first place, as Augustine said." --Professor James V. Schall, Retired Professor of Political Philosophy in the Department of Government at Georgetown University John McNerney is head chaplain at University College Dublin. Author of John Paul II: Poet and Philosopher (2004), he is also an occasional lecturer to undergraduate and graduate students in the fields of business ethics and philosophy. He has given talks at various international conferences in North America, Europe, and Asia, and is a member of the national Economy of Communion commission in Ireland.
Author: Andrew Carnegie
Publisher: Gray Rabbit Publishing
ISBN: 9781515400387
Category : Social Science
Languages : en
Pages : 34
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Book Description
Before the 99% occupied Wall Street... Before the concept of social justice had impinged on the social conscience... Before the social safety net had even been conceived... By the turn of the 20th Century, the era of the robber barons, Andrew Carnegie (1835-1919) had already accumulated a staggeringly large fortune; he was one of the wealthiest people on the globe. He guaranteed his position as one of the wealthiest men ever when he sold his steel business to create the United States Steel Corporation. Following that sale, he spent his last 18 years, he gave away nearly 90% of his fortune to charities, foundations, and universities. His charitable efforts actually started far earlier. At the age of 33, he wrote a memo to himself, noting ..".The amassing of wealth is one of the worse species of idolatry. No idol more debasing than the worship of money." In 1881, he gave a library to his hometown of Dunfermline, Scotland. In 1889, he spelled out his belief that the rich should use their wealth to help enrich society, in an article called "The Gospel of Wealth" this book. Carnegie writes that the best way of dealing with wealth inequality is for the wealthy to redistribute their surplus means in a responsible and thoughtful manner, arguing that surplus wealth produces the greatest net benefit to society when it is administered carefully by the wealthy. He also argues against extravagance, irresponsible spending, or self-indulgence, instead promoting the administration of capital during one's lifetime toward the cause of reducing the stratification between the rich and poor. Though written more than a century ago, Carnegie's words still ring true today, urging a better, more equitable world through greater social consciousness.
Author: Andrew Carnegie
Publisher: National Geographic Books
ISBN: 014303989X
Category : Social Science
Languages : en
Pages : 0
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Book Description
Words of wisdom from American philanthropist Andrew Carnegie Focusing on Carnegie's most famous essay, "The Gospel of Wealth," this book of his writings, published here together for the first time, demonstrates the late steel magnate's beliefs on wealth, poverty, the public good, and capitalism. Carnegie's commitment to ensuring and promoting the welfare of his fellow human beings through philanthropic deeds ranged from donations to universities and museums to establishing more than 2,500 public libraries in the English-speaking world, and he gave away more than $350 million toward those efforts during his lifetime. The Gospel of Wealth is an eloquent testament to the importance of charitable giving for the public good. For more than seventy years, Penguin has been the leading publisher of classic literature in the English-speaking world. With more than 1,700 titles, Penguin Classics represents a global bookshelf of the best works throughout history and across genres and disciplines. Readers trust the series to provide authoritative texts enhanced by introductions and notes by distinguished scholars and contemporary authors, as well as up-to-date translations by award-winning translators.
Author: Benjamin I. Page
Publisher: University of Chicago Press
ISBN: 022658626X
Category : Political Science
Languages : en
Pages : 232
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Book Description
A look into the covert influence billionaires wield in American politics and the actions citizens can take to hold them more accountable. In 2016, when millions of Americans voted for Donald Trump, many believed his claims that personal wealth would free him from wealthy donors and allow him to “drain the swamp.” But then Trump appointed several billionaires and multimillionaires to high-level positions and pursued billionaire-friendly policies, such as cutting corporate income taxes. Why the change from his fiery campaign rhetoric and promises to the working class? This should not be surprising, argue Benjamin I. Page, Jason Seawright, and Matthew J. Lacombe: As the gap between the wealthiest and the rest of us has widened, the few who hold one billion dollars or more in net worth have begun to play a more and more active part in politics—with serious consequences for democracy in the United States. Page, Seawright, and Lacombe argue that while political contributions offer a window onto billionaires’ influence, especially on economic policy, they do not present a full picture of policy preferences and political actions. That is because on some of the most important issues, including taxation, immigration, and Social Security, billionaires have chosen to engage in “stealth politics.” They try hard to influence public policy, making large contributions to political parties and policy-focused causes, leading policy-advocacy organizations, holding political fundraisers, and bundling others’ contributions—all while rarely talking about public policy to the media. This means that their influence is not only unequal but also largely unaccountable to and unchallengeable by the American people. Stealth politics makes it difficult for ordinary citizens to know what billionaires are doing or mobilize against it. The book closes with remedies citizens can pursue if they wish to make wealthy Americans more politically accountable, such as public financing of political campaigns and easier voting procedures, and notes the broader types of reforms, such as a more progressive income tax system, that would be needed to increase political equality and reinvigorate majoritarian democracy in the United States. Praise for Billionaires and Stealth Politics “Incredibly important. The authors provide—for the first time—a clear sense of the politics and political activity of the top one hundred billionaires in America, matching what billionaires have said with what they’ve done and showing the troubling transparency gap that is critical to the evolution of policy. Billionaires and Stealth Politics is a key addition to understanding our current political reality, focused on it most significant lever.” —Lawrence Lessig, author of America, Compromised “The wealth held by American billionaires exceeds the Gross Domestic Product of dozens of countries. They exercise tremendous influence over society, the economy, and politics. Yet their impact is not well-understood. Page, Seawright, and Lacombe have given us a compelling and original piece of work on an important topic.” —Darrell M. West, Brookings Institution
Author: Ryan Avent
Publisher: Macmillan + ORM
ISBN: 1466887192
Category : Business & Economics
Languages : en
Pages : 350
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Book Description
None of us has ever lived through a genuine industrial revolution. Until now. Digital technology is transforming every corner of the economy, fundamentally altering the way things are done, who does them, and what they earn for their efforts. In The Wealth of Humans, Economist editor Ryan Avent brings up-to-the-minute research and reporting to bear on the major economic question of our time: can the modern world manage technological changes every bit as disruptive as those that shook the socioeconomic landscape of the 19th century? Traveling from Shenzhen, to Gothenburg, to Mumbai, to Silicon Valley, Avent investigates the meaning of work in the twenty-first century: how technology is upending time-tested business models and thrusting workers of all kinds into a world wholly unlike that of a generation ago. It's a world in which the relationships between capital and labor and between rich and poor have been overturned. Past revolutions required rewriting the social contract: this one is unlikely to demand anything less. Avent looks to the history of the Industrial Revolution and the work of numerous experts for lessons in reordering society. The future needn't be bleak, but as The Wealth of Humans explains, we can't expect to restructure the world without a wrenching rethinking of what an economy should be.
Author: Edward N. Wolff
Publisher: Harvard University Press
ISBN: 0674495144
Category : Business & Economics
Languages : en
Pages : 885
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Book Description
Understanding wealth—who has it, how they acquired it, how they preserve it—is crucial to addressing challenges facing the United States. Edward Wolff’s account of patterns in the accumulation and distribution of U.S. wealth since 1900 provides a sober bedrock of facts and analysis. It will become an indispensable resource for future public debate.
Author: Gabriel Zucman
Publisher: University of Chicago Press
ISBN: 022624556X
Category : Business & Economics
Languages : en
Pages : 142
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Book Description
We are well aware of the rise of the 1% as the rapid growth of economic inequality has put the majority of the world’s wealth in the pockets of fewer and fewer. One much-discussed solution to this imbalance is to significantly increase the rate at which we tax the wealthy. But with an enormous amount of the world’s wealth hidden in tax havens—in countries like Switzerland, Luxembourg, and the Cayman Islands—this wealth cannot be fully accounted for and taxed fairly. No one, from economists to bankers to politicians, has been able to quantify exactly how much of the world’s assets are currently hidden—until now. Gabriel Zucman is the first economist to offer reliable insight into the actual extent of the world’s money held in tax havens. And it’s staggering. In The Hidden Wealth of Nations, Zucman offers an inventive and sophisticated approach to quantifying how big the problem is, how tax havens work and are organized, and how we can begin to approach a solution. His research reveals that tax havens are a quickly growing danger to the world economy. In the past five years, the amount of wealth in tax havens has increased over 25%—there has never been as much money held offshore as there is today. This hidden wealth accounts for at least $7.6 trillion, equivalent to 8% of the global financial assets of households. Fighting the notion that any attempts to vanquish tax havens are futile, since some countries will always offer more advantageous tax rates than others, as well the counter-argument that since the financial crisis tax havens have disappeared, Zucman shows how both sides are actually very wrong. In The Hidden Wealth of Nations he offers an ambitious agenda for reform, focused on ways in which countries can change the incentives of tax havens. Only by first understanding the enormity of the secret wealth can we begin to estimate the kind of actions that would force tax havens to give up their practices. Zucman’s work has quickly become the gold standard for quantifying the amount of the world’s assets held in havens. In this concise book, he lays out in approachable language how the international banking system works and the dangerous extent to which the large-scale evasion of taxes is undermining the global market as a whole. If we are to find a way to solve the problem of increasing inequality, The Hidden Wealth of Nations is essential reading.
Author: National Research Council
Publisher: National Academies Press
ISBN: 0309170877
Category : Social Science
Languages : en
Pages : 326
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Book Description
Aging is a process that encompasses virtually all aspects of life. Because the speed of population aging is accelerating, and because the data needed to study the aging process are complex and expensive to obtain, it is imperative that countries coordinate their research efforts to reap the most benefits from this important information. Preparing for an Aging World looks at the behavioral and socioeconomic aspects of aging, and focuses on work, retirement, and pensions; wealth and savings behavior; health and disability; intergenerational transfers; and concepts of well-being. It makes recommendations for a collection of new, cross-national data on aging populationsâ€"data that will allow nations to develop policies and programs for addressing the major shifts in population age structure now occurring. These efforts, if made internationally, would advance our understanding of the aging process around the world.
Author: Glenn-Marie Lange
Publisher: World Bank Publications
ISBN: 1464810478
Category : Business & Economics
Languages : en
Pages : 293
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Book Description
Countries regularly track gross domestic product (GDP) as an indicator of their economic progress, but not wealth—the assets such as infrastructure, forests, minerals, and human capital that produce GDP. In contrast, corporations routinely report on both their income and assets to assess their economic health and prospects for the future. Wealth accounts allow countries to take stock of their assets to monitor the sustainability of development, an urgent concern today for all countries. The Changing Wealth of Nations 2018: Building a Sustainable Future covers national wealth for 141 countries over 20 years (1995†“2014) as the sum of produced capital, 19 types of natural capital, net foreign assets, and human capital overall as well as by gender and type of employment. Great progress has been made in estimating wealth since the fi rst volume, Where Is the Wealth of Nations? Measuring Capital for the 21st Century, was published in 2006. New data substantially improve estimates of natural capital, and, for the fi rst time, human capital is measured by using household surveys to estimate lifetime earnings. The Changing Wealth of Nations 2018 begins with a review of global and regional trends in wealth over the past two decades and provides examples of how wealth accounts can be used for the analysis of development patterns. Several chapters discuss the new work on human capital and its application in development policy. The book then tackles elements of natural capital that are not yet fully incorporated in the wealth accounts: air pollution, marine fi sheries, and ecosystems. This book targets policy makers but will engage anyone committed to building a sustainable future for the planet.
Author: Alan Reynolds
Publisher: Greenwood
ISBN: 0313336881
Category : Business & Economics
Languages : en
Pages : 0
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Book Description
Explains the hows and whys of income distribution--why some are rich, some are poor, how income is measured, and the impact of goverment policies on jobs and personal wealth.
